One of the largest grain handlers in the world, Bunge bounced back from a disappointing fourth quarter, and shares jumped more than 6% Thursday morning. The company said it also sees greater profits as larger inventories of grains and oilseeds boost its transportation and storage businesses.

The company's sugar and bioenergy segment, which has struggled to generate consistent profits since Bunge bought its first Brazilian sugarcane mill in 2007, reported a $23 million profit in the first ...